Not so. Closing a claim with a structure is as full and final as any lump sum settlement. Some claims professionals will tell you that the ongoing payments provided to the injured individual with a structured settlement mean that the case remains open for the carrier or self-insured. But this is a myth.
Claims close when agreements are final. All responsibility for ongoing payments is assigned to the life insurance company that issues the annuity. In other words, while the benefits continue, the case is closed.